Change to Directors' Loan

RNS Number : 3802V

B.P. Marsh & Partners PLC

01 November 2010

 



Date:                            01 November 2010

On behalf of:                 B.P. Marsh & Partners Plc ("B. P. Marsh" or the "Company")

B.P. Marsh & Partners Plc

Change to Directors' Loan

 

B.P. Marsh and Partners Plc (AIM:BPM), the specialist private equity investor in early stage financial services businesses, announces that further to the announcement made on 9 June 2010 regarding a Directors' Loan of £4.325m, the loan commitment made by Brian Marsh personally of £3.5m, has today been assumed by Brian Marsh Enterprises Limited, an entity majority owned by Brian Marsh, on the same terms as announced previously.

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For further information:

B.P. Marsh & Partners Plc               www.bpmarsh.co.uk

Brian Marsh / Millie Kenyon                 [phone]

Nominated Adviser & Broker

Arbuthnot Securities

Nick Tulloch / Ed Gay                         [phone]

Notes to Editors:

About B.P. Marsh & Partners Plc

B.P. Marsh's current portfolio contains 10 companies. More detailed descriptions of the portfolio can be found at www.bpmarsh.co.uk.

Over the past 20 years, the Company has assembled a management team with considerable experience both in the financial services sector and in managing private equity investments. Many of the directors have worked with each other in previous roles, and all have worked with each other for at least seven years.

Prior to Brian Marsh's involvement in the Company, he spent many years in insurance broking and underwriting in Lloyd's as well as the London and overseas market. He has over 30 years' experience in building, buying and selling financial services businesses, particularly in the insurance sector.

Jonathan Newman is the Group Director of Finance and has over 10 years' experience in the financial services industry. Jonathan advises investee companies through several non-executive board appointments and evaluates new investment opportunities.

Robert King is a Director and Group Company Secretary. He joined B.P. Marsh in May 2003 having started his career at PricewaterhouseCoopers. Since joining B.P. Marsh he has taken on responsibility for the Group's legal, compliance and secretarial functions and played a key role in the flotation of the Company.

 

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